Ethan Allen Interiors Inc. (ETH) Receives $33.25 Consensus PT from Brokerages
Ethan Allen Interiors Inc. (NYSE:ETH) has received an average rating of “Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $33.25.
Several research firms have recently weighed in on ETH. BidaskClub cut shares of Ethan Allen Interiors from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. TheStreet upgraded shares of Ethan Allen Interiors from a “c+” rating to a “b-” rating in a report on Thursday, June 29th.
Several hedge funds have recently made changes to their positions in ETH. Fisher Asset Management LLC raised its stake in shares of Ethan Allen Interiors by 40.7% in the second quarter. Fisher Asset Management LLC now owns 81,365 shares of the company’s stock worth $2,628,000 after buying an additional 23,542 shares in the last quarter. Royce & Associates LP raised its stake in shares of Ethan Allen Interiors by 2.5% in the first quarter. Royce & Associates LP now owns 2,281,636 shares of the company’s stock worth $69,932,000 after buying an additional 55,800 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its stake in shares of Ethan Allen Interiors by 2.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 32,300 shares of the company’s stock worth $990,000 after buying an additional 900 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Ethan Allen Interiors by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 40,651 shares of the company’s stock worth $1,498,000 after buying an additional 1,117 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Ethan Allen Interiors by 77.5% in the first quarter. State of Alaska Department of Revenue now owns 4,900 shares of the company’s stock worth $150,000 after buying an additional 2,140 shares in the last quarter. 99.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ethan Allen Interiors (NYSE:ETH) traded up 3.08% during midday trading on Tuesday, hitting $30.15. 149,186 shares of the company traded hands. The stock has a market capitalization of $827.53 million, a P/E ratio of 23.37 and a beta of 1.16. Ethan Allen Interiors has a 12-month low of $26.75 and a 12-month high of $38.80. The stock’s 50-day moving average is $30.61 and its 200 day moving average is $29.79.
Ethan Allen Interiors (NYSE:ETH) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. The firm had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $194.94 million. Ethan Allen Interiors had a net margin of 4.74% and a return on equity of 10.17%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 earnings per share. On average, analysts expect that Ethan Allen Interiors will post $1.75 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, October 6th. Ethan Allen Interiors’s dividend payout ratio is presently 58.92%.
About Ethan Allen Interiors
Ethan Allen Interiors Inc is an interior design company. The Company is a manufacturer and retailer of home furnishings. The Company operates through two segments, which include wholesale and retail. The Company is an international home fashion brand doing business in North America, Europe, Asia and the Middle East.
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